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Religious Bodies Oppose Lower Tax Deductions
Beginning of article
FOR THE third time in three years President Obama's proposed budget will attempt to reduce tax deductions for high-end charitable donors, and for the third time nonprofits and religious organizations are pushing back.
Many religious nonprofits, which supplement their budgets heavily with donations from wealthy donors, are concerned that reducing the tax write-offs for charitable donations will cause a decrease in giving, said Diana Aviv, president and CEO of Independent Sector, a coalition of nonprofit organizations.
"The question is, do tax incentives work, do they stimulate more money than they cost?" Aviv said. "Experts estimate that this proposal could reduce …
